Townsend Asset Management Corp NC ADV Sells 965 Shares of Invesco QQQ $QQQ

Townsend Asset Management Corp NC ADV lessened its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,228 shares of the exchange traded fund’s stock after selling 965 shares during the quarter. Invesco QQQ comprises about 6.3% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its largest position. Townsend Asset Management Corp NC ADV’s holdings in Invesco QQQ were worth $17,955,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at $27,000. Navigoe LLC lifted its stake in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at $40,000. Finally, PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 3.0%

Shares of QQQ opened at $606.09 on Thursday. Invesco QQQ has a 12-month low of $415.43 and a 12-month high of $637.01. The stock’s fifty day simple moving average is $599.95 and its 200-day simple moving average is $609.28.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

Invesco QQQ Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Further Reading

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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